Elevation Capital to offload 1.3% Paytm stake for Rs 964 cr at 3% discount
Paytm's earliest institutional backer Elevation Capital is paring its holding via block deals at Rs 1,121/share, a 3% discount to Thursday's Rs 1,155.6 close. Follows a 2% offload last November, trimming its 13% legacy position in One97 Communications.
Elevation Capital, Paytm's largest institutional shareholder since 2007, is selling a 1.3% stake worth Rs 964 crore via block deals at Rs 1,121/share, a 3% discount to Thursday's close, following a similar 2% offload last November.
Why this matters
Marks Elevation Capital's second major Paytm trim in under a year, after offloading 2% last November alongside SAIF Partners' Rs 960 cr exit, signaling continued early-backer unwinding.
Retail-company signals steady at 884 over the past 90 days, reflecting consistent corporate activity.